Group 1 - The company held a special meeting of independent directors on July 28, 2025, to discuss a proposed investment cooperation agreement and related party transactions [1] - Green Energy International Limited plans to invest in the construction of a solar and energy storage station at Brother Mining SASU, with an expected scale of 18MW for solar and 20MW/20MWh for energy storage [1] - The project will have a 10-year cooperation period with a phased decreasing pricing model, with an estimated total electricity payment of approximately $48.06 million over the 10 years [1] Group 2 - The related party transaction adheres to objective and reasonable principles, with strict compliance to legal regulations and company policies, ensuring fair pricing and no harm to the interests of the company or its shareholders [2] - The voting results for the transaction were unanimous, with 3 votes in favor, 0 against, and 0 abstentions [2]

Investment Overview - The company has signed an investment cooperation agreement with the Ningguo Economic and Technological Development Zone Management Committee to establish a project company for a high-efficiency solar cell production project [1] - The project aims to produce 24GW of high-efficiency N-type monocrystalline TOPCon solar cells annually [1] Progress of Investment - The project company will collaborate with a state-owned company, Ningguo Zhongyi New Urbanization Construction Co., Ltd., for land and infrastructure investment [2] - The company will pay a rent of 6% of the total repurchase price to the construction party from the completion of the project until the repurchase date, with a repurchase plan starting in the seventh year [2] - The repurchase obligation has been waived to facilitate project implementation and reduce future financial pressure, transitioning to a long-term leasing arrangement [2] Additional Information - The company has completed the EPC project for this investment, positively impacting its overall performance in 2023 [2] - The company is currently adhering to the leasing agreement and conducting production activities without any disputes regarding the leased assets [3]